Gore Street Energy Storage Fund (“Gore Street”), London’s first listed energy storage fund supporting the transition to low carbon power, has successfully raised gross proceeds of £60m by way of an Initial Placing, Offer for Subscription and Intermediaries Offer, with Shore Capital acting as Sponsor & Joint Bookrunner.

The net proceeds of the Initial Issue will be used to acquire new projects in Gore Street’s pipeline and/or to fund capital expenditure requirements of investments in the fund’s existing portfolio.

Immediately following the new issue, Shore Capital placed out 9.1m shares for an exiting shareholder. 

For further information please contact:   

Shore Capital +44 (0) 20 7408 4090

Corporate Advisory: Anita Ghanekar / Darren Vickers / Hugo Masefield

Corporate Broking: Henry Willcocks / Fiona Conroy

For Shore Capital media enquiries, please contact:   

Adele Gilbert: +44 (0)74 8477 8331

Note to editor

About Shore Capital

We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income.  We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM.  Shore Capital is also the 3rd largest market maker by number of AIM stocks covered.

Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK, Europe and US.

Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.